Standard&Poor's Ratings Services has assigned its 'AA' long-term rating and stable outlook to Mukwonago Area School District, Wis.' taxable general obligation (GO) refunding bonds and affirmed its 'AA' long-term rating, with a stable outlook, on the district's parity GO debt. The rating reflects our opinion of the district's: Access to employment opportunities throughout the Milwaukee economic center, Very strong wealth and income indicators, Fairly stable student enrollment trend, Maintenance of a very strong financial position, and Low overall debt burden. The district's unlimited-tax GO pledge secures the bonds. The district will use bond proceeds to partially refund its GO refunding bonds issued in 2003 for interest rate savings. Mukwonago Area School District encompasses about 91 square miles primarily
